Distribution Solutions Group Amends, Expands Secured Credit Facility Through 2030, Includes $700M Debt, Revolving Credit Arrangement Of $400M

Distribution Solutions Group, Inc. (NASDAQ:DSGR) ("DSG" or the "Company"), a leading specialty distribution company, announced the successful amendment and expansion of its senior secured credit facility through 2030.

The new facility includes $700 million of term debt and a revolving credit arrangement of $400 million, a $255 million increase over the existing revolver. Borrowings under the facility will bear interest at SOFR plus 100-275bps depending on financial leverage. The amended facility also includes a $500 million uncommitted accordion feature compared to $300 million under the existing facility. The facility has a 5% amortization factor on the term debt portion and is due December 2030.